Item 8.01. Other Events.
On January 1, 2023, InterDigital, Inc. (the "Company") and Samsung Electronics
Co. Ltd. ("Samsung") agreed to have a panel of arbitrators establish the
royalties to be paid by Samsung for a worldwide license to certain of the
Company's patents from and after January 1, 2023, as well as any other terms to
a patent license agreement on which the parties are unable to agree. The
determination by the panel will be in the form of a patent license agreement and
will be final, binding and non-appealable, subject to certain limited
exceptions. The parties have agreed to conduct the arbitration in a diligent
manner. The Company expects the arbitration to conclude within approximately 18
months.
Each of the parties has also agreed not to initiate certain claims against the
other party during the arbitration. Any licenses under our joint licensing
program with Sony relating to digital televisions and standalone computer
display monitors will not be included in the scope of the arbitration.
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